BAKU, Azerbaijan, June 10
By Nargiz Sadikhova - Trend:
The construction of the Orda Glass plant for manufacturing of sheet glass will be finished before the end of the year in Kazakhstan’s Kyzylorda region, Kazakhstan’s Minister of Industry and Infrastructural Development Beibut Atamkulov said, Trend reports.
Atamkulov made the statement during the governmental session on June 10.
He said the launch of the plant, the capacity of which is to be 197,000 tons a year, will allow to meet the local demand.
He added that the value of investments into the plant’s creation amounted to 42.1 billion tenge ($98.3 million).
The project for the construction of the sheet glass manufacturing plant is being implemented by Orda Glass ltd. Initially the commissioning of the plant was planned for 2019. The construction began in 2015 on the initiative of the company.
Company’s current shareholders and China Triumph International Engineering Co. (69.71 percent), Stewart Engineers (20.29 percent) and Kazakhstan Investment Fund (10 percent).
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